Overview
What is Silverado Credit Union?
Silverado Credit Union is a cooperative organization, established with the primary purpose of promoting thrift and savings among its members. Located in Angwin, California, the credit union provides its members with a diverse range of deposit products, such as savings accounts, checking accounts, a high-yield checking account, a premium-rate money market savings product, and certificate savings accounts. As a cooperative, its operations are driven by the mutual benefit and collective well-being of its members, with any earnings, savings, benefits, or services being redistributed back to the members. The credit union has a dedicated workforce of 21 individuals, demonstrating its commitment to serving its members effectively.
Official website here: www.silveradocu.com
Is Silverado Credit Union legitimate?
Silverado Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Silverado Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $516,299
For more financial information, click here
Official website here: www.silveradocu.com
What is the mission statement of Silverado Credit Union?
Silverado Credit Union is a cooperative established with the purpose of encouraging savings among its members. Its primary objective is to provide a source of credit for its members at rates determined by the board of directors. Furthermore, the credit union offers its members an opportunity to manage their own funds democratically, aiming to enhance their economic and social conditions. By operating for the mutual benefit and general welfare of its members, Silverado Credit Union distributes its earnings, savings, benefits, or services back to its members.
Official website here: www.silveradocu.com
Who is the CEO of Silverado Credit Union?
Marilyn Van Dolson is the Chairman of Silverado Credit Union.
Official website here: www.silveradocu.com
What is the revenue of Silverado Credit Union?
Silverado Credit Union's revenue in 2022 was $1,862,806.
Official website here: www.silveradocu.com
Who are the executives of Silverado Credit Union and what are their salaries?
The average compensation at Silverado Credit Union during 2022 was $28,649. There are 21 employees and 9 volunteers at Silverado Credit Union.
Here are 10 key members and their salaries:
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- Compensation: $85,336
- Related: $0
- Other: $5,157
Official website here: www.silveradocu.com
Where can I find the form 990 for Silverado Credit Union?
Silverado Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.silveradocu.com
Learn more at the official website: www.silveradocu.com
Mission Statement of Silverado Credit Union
Silverado Credit Union, as a cooperative, is established with the primary purpose of promoting thrift and savings among its members. This organization operates on a democratic basis, allowing its members to have control over their own money. Its mission is to create a reliable source of credit for its members, setting the interest rates based on deliberations by the Board of Directors. By doing so, Silverado Credit Union aims to enhance the economic and social conditions of its members, distributing the earnings, savings, benefits, or services back to its patrons as a cooperative. In essence, Silverado Credit Union serves its members mutually, ensuring their collective welfare and benefit through its operations.
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Impact
October, 2024
Silverado Credit Union plays a significant role in promoting thrift and savings among its members in Angwin, CA. By offering a diverse range of deposit products, including savings accounts, checking accounts, a high-yield checking account, a premium-rate money market savings product, and certificate savings accounts, it supports individual financial growth and stability.
The cooperative is structured to create a source of affordable credit for its members, enabling them to access loans at interest rates established by the board of directors. This democratic approach allows members to utilize and manage their own funds, fostering greater control over their economic circumstances.
By prioritizing the mutual benefit and welfare of its members, Silverado Credit Union effectively distributes its earnings and benefits back to them, enhancing their financial well-being. Overall, the credit union not only serves as a financial institution but also as a catalyst for improving the economic and social conditions of its members, demonstrating a strong commitment to community enrichment.
This information is meant to be a general summary of Silverado Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $417,354
- Program Service Revenue: $1,440,022
- Gross Receipts: $1,862,806
Assets and Liabilities:
- Total Assets: $62,733,604
- Total Liabilities: $58,497,143
- Net Assets: $4,236,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICE REVENUE
Revenue
$1,225,843
FEE INCOME
Revenue
$214,179
Organization Details
Founding Year
1979
Phone
(707) 965-2483Principal Officer
Marilyn Van Dolson
Main Address
PO BOX 330, ANGWIN, CA, 94508
Website
www.silveradocu.comNTEE Category
Code: W60 - Public benefit
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